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Market Cap USDC Dominance, %Market Cap USDC Dominance, %Market Cap USDC Dominance, %

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USDC.D trade ideas

USDC DOMINANCE: HOLDING THE SUPPORT.Hello traders, welcome to this USDC dominance update. I hope you guys followed my previous USDC.D update. If you haven't then do check out the link below and go through the update. Timeframe: 3 Days. Description: USD Coin ( USDC ) is a cryptocurrency whose value is tied to the U.S. dollar. USD Coin is a stablecoin, and as such one USDC should always be equal in value to one dollar. USD Coin is currently the second-largest stablecoin, with a current market capitalization of $73 billion. USD Coin and Tether (USDT) together account for 80% of the capitalization of the global stablecoin market. Update: This is what I wrote in my previous update, "The USDC .D is unable to break through the 7% resistance level. This could be a clear sign of rejection towards the lower band of the trendline (2.5%). But before it does that, there's a support at a 5% level from where USDC .D may possibly bounce back." The USDC.D reached up to 7.26% but failed to break through the trendline. So far it has dropped by -26% and currently, it is holding the support at 5.32%. Support Level: As I said in my previous update, the 5% level holds support for the USDC.D could be the level from which we can expect a bounce back. Possible scenario: If the USDC.D manages to hold this support level and bounces back then it is most likely going to reach 6.6% or 8%. On the other hand, if the USDC.D breaks down below the support line then we can expect a fall up to the lower support zone at 2.6%. Conclusion: All I want to say is the market is yet to confirm a short-term bullish rally. Everybody is talking about BTC reaching $28k to $30k, which is likely possible but almost every time, we tend to follow the crowd and fail to do our own research. Anyways, most likely this support level will decide the market scenario in the next few days. The way BTC is doing a P&D leaving behind long shadows, I honestly don't like it. So, for me, I will wait for confirmation on this one. Let me know what you think about this update. I would love to read your opinion as well. Thank you and trade safely.
CRYPTOCAP:USDC.D
by Dexter_The_Trader
#USDC Dominance looks weak, Bullish rally ahead?USDC Dominance:- The index is showing signs of weakness. This might be considered a hint that a rally is coming across the market. Rejection from the upper resistance as well as from the red resistance area has already been retested. Breakout of this pattern is likely in the next few days. IMO, It's safe to position into BTC and Alts unless it breaks and closes above 6.88%. Hit the like button and share your views in the comment section. Thank you #PEACE
CRYPTOCAP:USDC.DShort
by Cryptorphic
4
USDC DOMINANCE: SOON TO REJECT!Hello traders, I hope you guys are doing great. Here's an update on USDC Dominance. Timeframe: 3 Days. Update: The market is dropping once again as expected. With the recent rally, it is likely to see the USDC.D at 7.5% where we have a strong resistance which means BTC can possibly reach $17k. I strongly feel that we will soon see rejection in the USDC.D. The fundamentals related to cryptocurrency may not be positive but technically, the market will turn green soon. RSI: The RSI in USDC.D has been hovering in the overbought zone for quite a while and sooner or later, it has to come down. Conclusion: The big players are playing a big game here. The recent dump has already created panic in the market. Noobs are selling off and guess who is buying? You guys are smart enough to understand the market sentiment, so, this time don't be a flock of sheep rather be a tiger who waits patiently for the right moment. Show some support with your likes and comments. Thank you.
CRYPTOCAP:USDC.DShort
by Dexter_The_Trader
#USDC.DOMINANCE 2HR CHART UPDATE !!Hello, community members welcome to another USDC DOMINANCE chart update. If you find this update helpful, shoot the like button follow and share your views in the comment section. As we can see from the above-mentioned chart that USDC DOMINANCE is currently on a path to print a HEAD & SHOULDER pattern. A break below the neckline will be great for BTC and ALT coins, break below will be the trigger point for the whole market to rally upside. Let’s see how USDC reacts at the neckline level. Bounce from that level will form red candles in ALTS. NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. DO YOUR RESEARCH BEFORE MAKING ANY TRADES. Thank you.
CRYPTOCAP:USDC.D
by Domino_Crypto
USDC DOMINANCE: REJECTION POSSIBLE!!!Hello wonderful traders, welcome to my quick USDC Dominance update. Timeframe: 3 Days. Description: USD Coin (USDC) is a cryptocurrency whose value is tied to the U.S. dollar. USD Coin is a stablecoin, and as such one USDC should always be equal in value to one dollar. USD Coin is currently the second-largest stablecoin, with a current market capitalization of $73 billion. USD Coin and Tether (USDT) together account for 80% of the capitalization of the global stablecoin market. Update: The USDC.D is unable to break through the 7% resistance level. This could be a clear sign of rejection towards the lower band of the trendline (2.5%). But before it does that, there's a support at a 5% level from where USDC.D may possibly bounce back. Parallel Relation with BTC: If the USDC.D gets rejected towards the 5% support level, it will be a -17% drop which means the current bounce in BTC could rally up to $28k to $30k where we have strong resistance. And if the USDC.D bounces back from the 5% support level then BTC will surely get rejected from its resistance level. Relative Strength Index: The RSI is beyond 70 indicates that it is overbought. The RSI needs to come down in order to maintain the balance. On the other hand, the RSI in BTC is oversold which means the price of BTC will possibly rally. Conclusion: We are at the end of the 2nd quarter and I expect the beginning of the 3rd quarter to be bullish for the market. What is your view on the current market situation? Share with me your thoughts and ideas. I will be glad to read them out. Thank you for your support.
CRYPTOCAP:USDC.DShort
by Dexter_The_Trader
6
USDC DOMINANCE: !!!IMPORTANT UPDATE!!! MUST READ!!!Hello traders, You must be thinking what on earth is happening to the market? How deep BTC is going to drop? Are we going to see BTC below $20k? Well, guys, this one chart got all your answers covered. This is the USDC Dominance weekly chart and in my previous update, I have already mentioned how the USDC stable coin play against BTC and other altcoins. We can see that the USDC.D has beautifully maintained the uptrend and it is currently close to the upper trendline (resistance). if we do some backtesting then we can observe that the USDC.D has always respected the trendlines be it upper or lower trendlines. So, let us break it down piece-by-piece and get to the final conclusion. 1. 16th March 2020: Bitcoin made a historical rally towards the new all-time-high. BTC pumped from $3900 to $12000, a 176% gain in a span of 160 days. This was the exact same time when the USDC.D dropped by -45% from 0.46% to 0.24%. After this, we saw the USDC.D making a rally towards 0.86% which led BTC to drop by -21% ($9850). 2. 5th October 2020: It was the beginning of the 4th quarter when BTC was set to rally 500%+. A journey from $10.5k to $65k was absolutely astonishing. This is where the USDC.D dropped by -53% but soon, BTC dropped by -56% and the USDC.D rallied 400%+ (2.31%). 3. 19th July 2021: After the big 56% drop, BTC rallied once again and this time BTC created a history by making a new and still the present all-time-high of $69k. This lets the USDC.D drop another 53% but then things changed and till now BTC continues to drop. Conclusion: This is the end month of the 2nd quarter and BTC is still finding its bottom level. The USDC.D is once again reaching the resistance level. The big question is, will the USDC.D get rejected as it did in the past or will it break out the ceiling this time? What I can figure out is, that the USDC.D is currently at 5.71% and there's a high chance that it will reach the 6.6% resistance level and then get rejected. This means BTC may possibly drop up to $20k or even below that level. Then we will witness a mega rally in the market. I hope the beginning of the 3rd quarter will be a game-changer for us. What can you figure out about the current market situation? Let me know in the comments. If you find this idea helpful then hit the like icon and follow me for more. Thank you.
CRYPTOCAP:USDC.DShort
by Dexter_The_Trader
2
#USDC.DOMINANCE PRINTING BEARISH DIVERGENCE IN DAILY CHART !!Hello, community members welcome to another BTC/USDT chart update. If you find this update helpful, shoot the like button follow and share your views in the comment section. As we can see from the above-mentioned chart that USDC DOMINANCE is currently printing a bearish divergence and it can move down from here. The candle close above will be harsh for bull traders in USDT pair coins. Let’s hope for the best and see how the market performs in the upcoming hours. NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments. DO YOUR RESEARCH BEFORE MAKING ANY TRADES. Thank you.
CRYPTOCAP:USDC.D
by Domino_Crypto
USDC DOMINANCE: THE STABLECOIN WE SHOULD ALL BE AWARE OF.Welcome my fellow traders. This will be my first-ever analysis of USDC.D and I hope it will be helpful to all. I have been observing this stablecoin dominance closely for the last few days and it is quite interesting to see how the USDC.D is playing off against bitcoin and other altcoins. By the way, USDT and USDC are two different stablecoins. Both USDT and USDC are popular stablecoins, and both are fixed to the USD. However, the USDT is the most traded cryptocurrency and is slightly more widely available than USDC, while USDC has a lower trading volume, and it is considered to be a safer store of value since it's backed by cash and cash equivalents. Coming back to the chart, The USDC.D is currently at the resistance of 4.43% after forming a symmetrical triangle in 6 hours timeframe. According to the pattern, there is a possibility that the USDC.D will break out. If that will be the case then we better be prepared for BTC and other altcoins to drop. On the other hand, if the USDC.D follows the past by getting rejected from the resistance trendline then we can expect the USDC.D to drop up to 4.17% which means a room for BTC and other altcoins to rally a bit more. Also, if you observe the RSI then the momentum and the volume in RSI are decreasing. We are close to the weekends once again and it will be crucial to see how it will close but before that, it is important to see how this 6 hours candle will close. We still have 5 hours in our hands so better wait and observe. I will update you more on this in the coming days. So be prepared. If you like this idea then do raise a thumbs up and follow. Thank you.
CRYPTOCAP:USDC.DShort
by Dexter_The_Trader
2
The Crypto Market Dynamics and BreakdownA brief overview of BTC , TOTAL, TOTAL2 , USDT dominance, USDC dominance and DXY (dollar strength index). So guys, i thought id post an update on the most recent crypto market developments, i plan to push out a video alongside this too to break it down in depth but heres what im seeing developing so far. Ive correlated 6 charts that i think are worth looking at on a whole to get an idea of market wide developments. BTC , the driver of the market direction. Stablecoin dominance pairs, showing the relationship of money flow in and out of stablecoins back into the market (highly correlated with reversals), TOTAL and TOTAL2 , the total crypto market caps for ALTS and for BTC and ALTS to see overall bullish / bearish intensions, and the DXY (dollar strength index) which has been known to work inversely with BTC market reversals. E.g, when DXY is pumping, crypto is correcting and vice versa. I think at present theres more downside risk than upside potential having cleared the charts and looking at the in a new perspective. I am still longer term bullish until we break and close below 28K which would confirm a new LL, breaking the range we've been in for the last year and invalidating any bullish momentum. However at current we have put in a new HH on TOTAL and TOTAL 2 and respecting the swing low so things remain to be bullish based on HTF structure for both marketcap pairs. That being said it seems as though we have been generating liquidity on both the buy and sell side on BTC , where due to having an inefficiency to fill to the left, price has nothing to liquidate as there is no structure to target to run stop losses. Therefore, what we have been developing is this upwards bearish flag formation after coming into HTF weekly demand. Buyers have shown presence with higher volume coming in at the lows and respecting an uptrend, but with the intension to mitigate the HTF supply above taking out the sell side liquidity and now targeting the buy side liquidity, sweeping the first low we have put in within the weekly demand range to target the extreme demand range on the weekly and daily timeframes. This would have induced both buyers and sellers into the market to liquidate them all enabling a capitulation event to take place to fuel the move higher. This same scenario looks likely to occur on both the TOTAL and TOTAL2 pairs too. Stablecoin pairs did start to show some bearish signs with bearish divergence on the RSI and putting in new lower lows on the daily TF and weekly TF with bearish momentum coming in as shown by the engulfing candles and also respecting HTF supply. However, we have continued to the upside with less momentum and approaching key supply zones now. If price manages to push through these then it would be a continuation to the upside for stablecoins and bearish for the rest of the market. Right now its just a case of being patient and watching for signs of bearish structure change on the daily TF as we come into the zones. I think theres a possibility for them to push higher and fake out the highs, creating that capitulation event before reversing and becoming bearish with the market becoming bullish after such an event. DXY is bullish on the weekly, but remains bearish on the monthly timeframe , coming into HTF supply range on the monthly TF in the premium of the leg. Im expecting the DXY to take out the highs, liquidating the highs, come into that HTF supply and reverse before starting to take out the lows. It looks oversold on the RSI on weekly and monthly and usually results in a reversal at these points. It works inversely to BTC so if the DXY becomes bearish it would be a good sign for the crypto market. The dynamics are correlating to show short term bearish momentum for a possible long term bullish outlook. The on chain analysis also supports this with supply still getting taken and large volumes on outflow activity occurring. That being said, the economy on a whole look bleak right now, stocks look terrible and BTC has held up pretty well so far in comparison. Talks of one of the biggest recessions is also looming with a macro economic POV that looks pretty trash right now so its all a little uncertain at present, not just for crypto but with the larger economic outlook.
CRYPTOCAP:USDC.D
by marshyyy
Full market reversal incoming USDC.D bearishIve published my analysis on stable coins over the last month now as I think its one of the most import charts to analyse for market reversals watching the money flow between stable coins and crypto assets such as alts and BTC. The previous highs and lows have coincided exactly with the start of new uptrends and corrections in the market since the charts inception. USDC.D has been becoming increasingly bearish over the last month showing a lot of bearish divergence on RSI with a bearish shooting star candle on the weekly. Price action has changed bearish on daily chart putting in a new lower low and as a result the market has started to see pumps in altcoins and BTC. The weekly MACD looks bearish with MAs converging showing weakening trend on HTF with engulfing bearish weekly candle close on the week prior showing sell side pressure. I think a market wide reversal is on the horizon and this is just the start of a new uptrend forming
CRYPTOCAP:USDC.DShort
by marshyyy
USDCD looking bearish USDC.D 1W/2D Charts USDC dominance continuing to look bearish here as I mentioned back in early Feb. Rejecting from the previous high and failed to put in a HH and close above it. Weekly close looks daily bearish with a bearish shooting star reversal candle. Market structure has changed failing to put in a HH with price struggling to maintain the uptrend. Bearish momentum starting with bigger sell candles printing. RSI is bearish having lost the MA on 2D chart which on the last 3 occasions has started the downtrend in USDC.D and uptrends within the market for BTC and altcoins as shown by the black arrows and callouts. Also showing bearish divergence on the RSi and weekly MACD starting to converge. Looking good here for USDC.D as well showing the dynamics shifting and money flow exiting stables and into the market. Id still be cautious given the macro economic POV but the TA looks great here. As I’ve been saying, coins have been in weekly lows and demand zones and good for DCA buys which I’ve been doing on some coins.
CRYPTOCAP:USDC.DShort
by marshyyy
USDC.D (market cap dominance %) analysis1W/1D: Prince come into a daily supply zone and formed a new downtrend of LL’s and LH’s with bearish crossover on the MACD and sell on the UCTS. Weekly candle is bearish engulfing also so good confluence of USDC being put into the market instead of being sat in stable coins causing USDC.D to rise. couple of options could play out when it meets the daily demand zone. Could see a continuation and maintain an uptrend after putting in a new HH, just needs to form a HL. Another option could see demand flip to supply and continue bearish momentum to the bottom of the range.
CRYPTOCAP:USDC.D
by marshyyy